NORTH CAROLINA SELF-INSURANCE SECURITY ASSOCIATION
SELECTED FINANCIAL DATA
				Year ended
				12/31/08		12/31/07		12/31/06		12/31/05
Summary Income Statements:				(audited)		(audited)		(audited)		(audited)
Income:
Assessments			$	4,060,989		4,103,730		428,711		754,613
Proceeds from insolvencies				1,165,417		4,971,280		3,291,142		4,019,495
Investment income (losses)				(1,361,161)		307,697		458,229		217,451
				3,865,245		9,382,707		4,178,082		4,991,559
Expenses:
Claims and related expenses				1,290,550		5,265,078		3,786,997		3,927,030
Legal, accounting and actuary				320,023		426,747		547,768		565,299
Aggregate security system expenses				2,150,698		1,866,331		150,540		-
Other				181,989		75,193		82,326		44,703
				3,943,260		7,633,349		4,567,631		4,537,032
Net			$	(78,015)		1,749,358		(389,549)		454,527
Net change, excluding investment income			$	1,283,146		1,441,661		(847,778)		237,076
Summary Balance Sheets:
Assets:
Total investments, fair value			$	9,644,922		13,951,253		8,938,079		5,054,321
Other assets				4,419,935		3,242,112		2,069,059		476,508
	Total assets		$	14,064,857		17,193,365		11,007,138		5,530,829
Liabilities:
Estimated future claims and related costs				7,670,482		10,110,840		6,928,822		4,833,930
Deferred revenue				3,668,358		3,492,500		3,787,259		-
Other liabilities				1,006,855		1,792,848		243,238		115,328
	Total liabilities			12,345,695		15,396,188		10,959,319		4,949,258
Net assets				1,719,162		1,797,177		47,819		581,571
	Total liabilities and net assets		$	14,064,857		17,193,365		11,007,138		5,530,829
Notes:	Effective January 1, 2006, the Association converted to the accrual basis of accounting whereby,
	among other things, investments are recorded at fair market value and estimated future liabilities
	for claims and claims related expenses are recorded. Accordingly, the summary balance sheets
	are reflected on the accrual basis of accounting as of December 31, 2007, 2006 and 2005,
	and the income statement for the years ended December 31, 2007 and 2006.
	The Association prepared its financial statements on the basis of recorded cash
	receipts and disbursements through 2005 which differs from accounting principles generally
	accepted in the United States of America in that no consideration is given
	to revenue or expense accruals which may exist at year end.